Comment Text:
i0-001
COMMENT
CL-08852
From:
Sent:
To:
Subject:
Trento Castricone
Monday, March 22, 2010 11:01 AM
secretary
Regulation of Retail Forex 75 FR 3281
Mr. David Stawick
Secretary Commodity Futures Trading Commission
1155 21st Street, N.W.
Washington, DC 20581
Email: secretary@cftc, gov
Re: RIN 3038-AC61
Dear Mr. Stawick:
I am currently an active retail foreign currency trader. My Introducing broker currently represents more than one
FCM. I see that in your proposed Forex regulations you want to limit Forex Introducing Brokers to representing
only a single FCM.
I am very strongly against this restriction as it does not serve my interests.
Here's why. My IB creates trading software which I can't and do not wish to trade without. I like having choices
of which broker I use. Your new rule will remove my choice and if I find the broker I'm with now doesn't suit my
needs I will be forced under your new rules to stay with this broker. This obviously isn't fair to me nor my IB's
close to 3,000 other traders who also rely 100% on their tools and signals. Removing choice is NEVER a good
thing.
Please amend the proposed regulations to offer an Independent Introducing Broker option that will allow my Forex
Introducing broker to represent more than one FCM, as Futures Introducing Brokers are currently authorized to do
and giving me CHOICE.
Respectfully submitted,
Trento Castricone
